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A Tract on Monetary Reform
Paperback
ISBN13: 9781646793365
Publisher: Cosimo Classics
Published: Jan 1 1923
Pages: 220
Weight: 0.63
Height: 0.50 Width: 5.50 Depth: 8.50
Language: English
The long run is a misleading guide to current affairs. In the long run we are all dead.
-John Maynard Keynes, A Tract on Monetary Reform (1923)
A Tract on Monetary Reform (1923), by British economist John Maynard Keynes, is a masterly analysis of the world monetary situation at the beginning of the twentieth century. Keynes stated the importance of stable domestic prices and a stable currency for a strong economy, while arguing against the gold standard, which at that time was used for the US dollar and many other currencies. Britain abandoned the gold standard in 1931-after it had re-established it in 1925-and the United States abandoned the gold standard in 1933.
A Tract on Monetary Reform is essential reading for anyone interested in Keynes' theories and for students of economics or economic history.
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